Siemens could reduce stakes in Healthineers, other companies to fund Altair deal By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
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Source: Investing.com
Siemens Stake Sales for Acquisition Funding: Siemens plans to sell parts of its stakes in Siemens Healthineers, Siemens Energy, and Fluence to finance its $10.6 billion acquisition of Altair, with CFO Ralf Thomas indicating a potential reduction in shareholdings without significantly impacting stock prices.
Recent Financial Moves: The company recently generated approximately 3.5 billion euros from the sale of its Innomotics business and is looking to minimize market disruption during the planned stake reductions in Siemens Energy and Healthineers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
